Bank of Melbourne credit cards

Bank of Melbourne

Bank of Melbourne's overall rating for credit cards

(as rated by the Mozo community)

7.8 / 10

based on 69 reviews

Looking for convenience in how you spend? Or maybe you want to be rewarded for all those shopping hours with freebies and points? As one of the winners of the Mozo People’s Choice Award for best credit cards in 2015, Bank of Melbourne is sure to have a credit card to suit your needs. Keep reading for all the facts figures and fine print about a Bank of Melbourne credit card.

Rates and fees verified as correct at 10 December, 2016. Other information correct at the time of writing.

What credit cards do Bank of Melbourne offer?

On the other hand, if you’re someone who tends to carry a balance on their credit card, a low rate option can really help keep your bills manageable. Offering flexible features and a great interest rate, a Bank of Melbourne low rate credit card can help you blast credit card debt quick!

If you’re organised and prompt with your credit card payments, then you’re probably making some killer savings on interest - so why ruin it with a high annual fee? Opt for a no fee credit card from Bank of Melbourne and keep your credit card costs low. You deserve it for being so savvy with your payments!

Looking for flexible rewards options? Look no further. With the choice of three rewards cards ranks, you’re sure to find a Bank of Melbourne credit card to suit your shopping needs and budget. Just keep in mind that these cards pack a bigger punch in interest and annual fees, so make sure you’ll get enough use from the rewards program to justify it!

If you’re after a little bit of luxury in your spending experience, then Bank of Melbourne is sure to have a prestige credit card option to suit you. From low rate platinum offers to signature rewards cards, there’s a piece of plastic to meet every budget and spending style. Although your annual fee will generally be a little higher than the classic alternatives, these cards will let you ash inon great freebies and perks.

Business or pleasure? No matter how you travel, a Bank of Melbourne Qantas card is the perfect addition to any globetrotting wallet. These are rewards cards that automatically credit your points to the Qantas frequent flyer program, so you can bag those free flights with minimum fuss. And with three tiers to choose from, there’s a card for every budget!

With the exception of the no fee credit card, you’ll pay an annual fee on any Bank of Melbourne credit card, which can range from quite low to significant, depending on which card you opt for. Others include an foreign currency conversion fee and cash advance fee.

Yes! All Bank of Melbourne credit cards offer a balance transfer option, with a fairly leisurely 0% interest period. You can transfer any amount from $200 up to 95% of your credit limit to help you pay off credit card debt. Just make sure you have a plan in place to pay it off before the interest free period is over, because after that, any remaining balance will be charged interest at the higher cash advance rate.

One little bit of fine print to keep in mind is that you can’t transfer balances from other Bank of Melbourne, St.George or BankSA credit cards.

If you opt for a rewards credit card from Bank of Melbourne, you’ve got a few different options, and which one you choose will affect how many points you earn on your spending, and also what you can cash them in for. Check out our table below to see how many rewards points you’ll earn for each dollar you spend.

Rewards

Rewards

Qantas

Qantas

Aus purchases

Overseas purchases

Aus purchases

Overseas purchases

Amplify Classic

0.5

1

Amplify Platinum

0.5

1

1

2

Amplify Signature

1.75

1.5

1.5

3

One of the great things about Bank of Melbourne rewards points is that they are uncapped and don’t expire, so you’ve got as long as you like to redeem them.

If you opt for an Amplify rewards card you can redeem points for things like gift vouchers, cashback and retail products. If you’ve got a bit of wanderlust, a Qantas card will funnel all your hard earned rewards points directly into the frequent flyers program to help you earn free flights faster.

Worried about credit card fraud? We don’t want to cause you unnecessary stress, but it is definitely something you should be aware of. You can practice good credit card security yourself by keeping your PIN and card details secret, always keeping an eye on your card during transactions and regularly reviewing your statement for unusual purchases.

Bank of Melbourne also takes steps toward protecting you while you use your credit card, including:

The Bank of Melbourne fraud back money guarantee - means that you will be reimbursed for any fraudulent transactions on your card

24/7 fraud monitoring and detection to look out for unusual activity on your credit card and alert you to possible fraud

Secure online shopping through a network of secure systems and Verified by VISA

How are Bank of Melbourne credit cards rated?

Mozo users have rated Bank of Melbourne credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Great product at a competitive price

I like this bank as I always find the customer service staff extremely helpful and welcoming. Pros are the great customer service as all the staff are always very helpful and provide good, clear and easy to understand product information No Cons

I like this bank as I always find the customer service staff extremely helpful and welcoming. Pros are the great customer service as all the staff are always very helpful and provide good, clear and easy to understand product information No Cons

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